Although the dark days of the Great Recession are far behind us as a nation, America still sees an alarming rate of people losing their homes. One of the leading reasons is foreclosure, which happens when banks and other loan-granting organizations claim a property...
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Interior designer collapses into Chapter 7 bankruptcy
The dream of starting or running a business is a big part of being in America. The nation, after all, has a history of being built on big risks that either paid off or did not. But if an enterprise becomes so logged with debt that it is time to sell off parts of it,...
Connecticut’s government considers its own debt diet
People aren't the only legal entities that can end up in debt. Companies and corporations, even those that have been in business more than a century, can fall on crippling hard times. In fact, governments of states and countries can also end up in debt that can cost...
Major sports retailer will close Connecticut stores in bankruptcy
Bankruptcy is designed to be the opposite of permanent for an individual or a business. Some types of bankruptcy filings allow people and entities to retain many of their remaining assets, while others force a liquidation of all but essential remaining property. When...
Major retailer affects Connecticut locations with bankruptcy
Bankruptcy may feel like financial failure, but as they say in boxing, the round isn't over until the bell rings. And bankruptcy is far from a final bell. It is often a timeout designed to help people and businesses get themselves in order.The type of bankruptcy that...
Homeowners have options to avoid foreclosure in Florida
Foreclosure is the last thing that a homeowner wants to hear. It can feel like a lifetime of investment in a property is at risk and about to disappear if a lender wants to reclaim a home or commercial location. But it is not as easy for the dream to die, and there...
When does Chapter 13 bankruptcy make sense?
Maybe you're dealing with old debts that you were never able to clear. Maybe no income you're able to generate can handle the expenses of interest on loans. Either way, you may be eligible for Chapter 13 bankruptcy.What's the difference between Chapter 7 and Chapter...
How do credit repair services take advantage of people in debt?
It can feel like the whole world is against you when you have to struggle with debt. Creditors may be harassing you, and a bank may even be calling about foreclosure. At times like these, you may reach out for any help you can get. But is it the right choice? How do...
How sickness is driving Americans bankrupt
Most people are only one or two paychecks away from financial disaster -- and they simply don't have the resources to handle a major medical disaster, even if they have insurance. The financial strain of chronic or sudden illness is driving many ordinary Americans...
New Haven drugmaker filed for Chapter 11 bankruptcy before moving
Bankruptcy is a hard prospect for any person or business to consider. It's not easy to look at the process as a way to start over because it often feels like failure. But a new start is exactly what the process is supposed to be, especially when businesses want to...